Solar Panel Cost Guide in Franklin, KY (2025 Update)
- Franklin Solar Installation Cost: $23,799
- 25-Year Savings: $12,302
- Payback Period: 21.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Franklin
Find out what the average cost of solar panels are in Franklin.
Although the national average of solar panels is $2.66 per watt, solar panels in Franklin typically cost about 4.To cover the typical energy usage of the average home in Franklin, most homeowners require a 9.3-kilowatt system. Using the per-watt figure above, a solar installation costs around $23,799, or $34,033 before the federal solar tax credit of 0 is applied.
These figures are only averages, and your own solar costs may look different based on the amount of energy your home requires and what company you want to go with.With typical savings of about $12,000 on power bills over 20 years, many homeowners in Franklin find investing in solar has a decent ROI.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Franklin
| Year | Return on Investment |
|---|---|
| 1 years | $-22,258 |
| 3 years | $-19,178 |
| 5 years | $-16,097 |
| 7 years | $-13,017 |
| 9 years | $-9,936 |
| 11 years | $-6,855 |
| 13 years | $-3,775 |
| 15 years | $-694 |
| 17 years | $2,386 |
| 19 years | $5,467 |
| 21 years | $8,548 |
| 23 years | $11,628 |
| 25 years | $14,709 |
Top Solar Installers in Franklin
Many homeowners choose to use a solar panel company since trying to install solar panels on your own can be a lot of work. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Franklin
Factors that Affect Solar Panel Costs in Franklin
For many Franklin homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Franklin, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,650. The brand of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Franklin have solar loans, which reduce your upfront costs of installing a solar system.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Franklin is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that provide a range of services at different price points.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.80 | $15,943 | $1,809 | 22.5 years |
| 8 kW | $3.72 | $20,849 | $2,821 | 22.0 years |
| 10 kW | $3.65 | $25,550 | $4,037 | 21.6 years |
| 12 kW | $3.58 | $30,047 | $5,458 | 21.2 years |
| 14 kW | $3.50 | $34,339 | $7,083 | 20.7 years |
| 16 kW | $3.43 | $38,427 | $8,912 | 20.3 years |
| 18 kW | $3.36 | $42,311 | $10,946 | 19.9 years |
| 20 kW | $3.29 | $45,990 | $13,184 | 19.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: Before signing a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Franklin, KY Solar Cost FAQs
How much does it cost to install solar panels in Franklin?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Franklin?
Solar panels aren’t free in Franklin, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Franklin, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.